Across America, you will find a chorus of economists singing cautious songs of hope about the nation’s economy.
But in Detroit, you will get a sour note.
Once a symbol of vibrant industry and American prosperity, Detroit now resembles an urban ghost town in ruins.
The Motor City’s:
- Population has decreased by nearly 60% since 1950
- Violent crime rate is five times the national average
- Police department takes an hour to report to a crime scene
- Unemployment rate is higher than any U.S. city
- Land is 1/5 abandoned buildings
It’s not difficult to imagine why Detroit has often been referred to as “hell on earth.”
To make matters worse, the city’s 18 billion dollars in debt has forced it to file the largest bankruptcy case in U.S. history. Judge Steven Rhodes is in the process of making the final decision that may determine the fate of the city.
Regardless of the outcome, mayor-elect Mike Duggan thinks there is hope.
“I have a very clear vision of how Detroit will come out of this bankruptcy: stronger and better”
Is Mike Duggan wise in predicting a recovery for Detroit?
Is Detroit’s tragic downfall an indicator of the future of America?